Shooting Star Candle (Reversal)
It is a candle identical to the inverted hammer candle, but the only difference between them is that the shooting star candle comes at the end of an upward trend and is a signal of a reversal of the trend towards the downside, unlike the inverted hammer candle.
A shooting star candlestick usually forms after a bullish price gap and then the price breaks above the opening price and closes below it. A shooting star candlestick can close above the gap and be bullish or below the gap and be bearish, but either candlestick indicates that a reversal may be imminent. It is best to wait for confirmation of a bearish price reversal after a shooting star candlestick.
